By Mahmoud Issa
In Gaza City, Palestinians face soaring prices and food shortages, putting essential supplies out of reach for many families. Basic commodities have quadrupled in price since the conflict began, exacerbating an already dire humanitarian crisis.
Residents are struggling to find vegetables, meat, eggs, and other essential items, with many relying on canned products from aid deliveries. The price of potatoes has skyrocketed to 150 Shekels from just 2 Shekels before the war, while a jar of honey now costs 85 Shekels, up from 25 Shekels.
A global hunger monitor warns of a high risk of famine in Gaza, with over 495,000 people facing severe food insecurity. The economy, already struggling with high poverty rates and unemployment, may take decades to recover from the impact of the conflict.
With more than 40,500 Palestinians killed and widespread destruction in Gaza, the ongoing conflict has left its 2.3 million residents displaced and in urgent need of food and medicine. The latest escalation was triggered by Hamas militants' attack on Israel, leading to a devastating cycle of violence.
As an investment manager, it is crucial to monitor geopolitical events like the Gaza conflict, as they can have far-reaching effects on global markets. The instability in Gaza has the potential to impact commodity prices, supply chains, and investor sentiment. Understanding the humanitarian crisis in Gaza is not only a matter of compassion but also a consideration for long-term investment strategies.